NXT 0.41% $16.94 nextdc limited

why the sudden share price drop?

  1. 1,758 Posts.
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    The share price has dropped off sharply since the Chairman's Address to Shareholders on 30th October. Something like 13% in less then a week.

    What did he say that was so bad?

    It's appears the company withdrew a SPP recently. Apparently due to share price volatility. What was that all about? I would have thought they would need as much capital as possible for growth.

    You would think the share price of a company in such a strong growth industry would be heading north, not south for example Vocus (VOC.asx) of which I am a happy share holder.

    Any insight from someone one knows this company well would be appreciated.

    For the record I bought a small parcel of shares today simply to get on the register.






 
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